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LinkedIn (LNKD) Stock Rallies on Q1 Earnings, Revenue Beats

LinkedIn Corporation LNKD just released its first quarter fiscal 2016 earnings results, posting earnings of $-0.10 per share and revenue of $860.7 million.  

Currently, LNKD has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

LinkedIn:                                                

1. Beat earnings estimates. The company posted $-0.10 per share, topping our Zacks Consensus Estimate of -$0.28.

2. Beat revenue estimates. The company saw revenue figures of$860.7 million, smashing our estimate of $828 million.

3. For the second quarter of 2016, LinkedIn guided for revenue between $885 million and $890 million. This surpasses our current consensus estimate of $882 million.

4. “As a result of our new mobile experience, members are increasing their activity on LinkedIn, helping drive strong levels of engagement across the platform," said LinkedIn CEO Jeff Weiner.

5. LNKD was up $6.94, or 5.64%, to $129.95 as of 5:14 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at LinkedIn’s street EPS and surprise percent:

LinkedIn Corporation is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information.

Check back later for our full analysis onLinkedIn’s latest earnings report!

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